Property Highlights
Atlantic Capital Partners has been engaged to offer a 100% occupied, free-standing, multi-tenant retail center featuring GameStop, DentalWorks, LY Nails, & Super Smoke Shop. The center is exceptionally well positioned in one of Wilmington’s densest retail corridors as an outparcel to a top performing Walmart Supercenter in the country.
- Outparcel to a Top-Performing Walmart Supercenter – Shadow-anchored by the most visited Walmart in the Wilmington, NC MSA according to Placer.ai | This location ranks in the top 20% of all Walmarts in the country
- Strong Leasing Momentum – Super Smoke Shop recently executed a 5 year lease | DentalWorks is expected to extend for 5 years | These tenants make up 67% of the GLA
- Commitment to Center – GameStop and DentalWorks have been at this location for 15 and 13 years respectively | The overall weighted average tenant tenure is over 8 years
- Rapidly Growing Area – Wilmington is projected to grow by nearly 60,000 people in the next 25 years | A 420 unit apartment complex is planned just over 2 miles from the property
- Proximity to UNC-Wilmington – Located 1 mile from UNCW, a top 100 public university with an enrolment of over 17,500 students | The current tenant line-up will attract many of these college students providing a large built in consumer base
- Dense Retail Corridor – Over 3.5M SF of retail within a 1-mile radius of the property | Retailers include Walmart, The Home Depot, Costco, Target, Lowes Home Improvement, & Sam’s Club
- Recent Upgrades Completed – Including new outdoor lighting, asphalt stripping and paving repair, and roof repair
- Favorable Lease Structures – All tenants reimburse their PRS of taxes, insurance, and CAM | 86% of the center pays an admin fee on top of CAM
- Dense & Growing Demographics – Over 148,000 people within a 5-mile radius of the property | Positive population growth projected within a 1, 3, and 5-mile radius of the property